Gbp/Chf — Not much interests me out there right now to be honest, but for the guys that play daily bars I like the following pair for a short. Pros We have a 2-day pin bar (still needs to close of course) that rejected the 50% fib, 1.70 big ...

james16 Chart Thread

Just seems to be consolidating to me, I wouldn't do anything at this point. Just my opinion though.

james16 Chart Thread

Looks like it is heading down.........

james16 Chart Thread

I agree..........its like a few large traders got tanked and started taking positions short and long to just screw around.

james16 Chart Thread

My bias is still down (lower highs, lower lows on daily), but I am not touching it until it hits the .9000 area myself. I will look for price action there. Nathan

james16 Chart Thread

It could definitely turn, but my stoploss is at break-even regardless. If this goes through the 61 fib watch out, it could drop hard below .8800 right on down to the .87 level.

james16 Chart Thread

I would guess 30% or so fail to break the low or high, maybe less. For me it is enough that I won't trade them unless A (most important to me) - at an area, and B they break. I don't play retracement entries on pin bars but I do on DBHLC/DBLHC and ...

james16 Chart Thread

Don't sweat it Dan, in the long run I can promise you it is better to take them at good areas. Your account balance will appreciate you being picky, even though some of them will work out like this. There are more that don't work out in these ...

james16 Chart Thread

I hope you are right........this is the only trade I am in right now! I have been watching this one for weeks and took a very small profit last week on a trade but have been waiting for a break below .8900 (which finally happened). Nathan

james16 Chart Thread

I am not smart enough to have a bias on this one, nothing jumps out at me either way. On the weekly there is a pivot at 1.50 (it is in a downtrend), and it has just been riding that pivot line the last five weeks. No doubt it is gonna pop ...

james16 Chart Thread

Cable — Not quite but if 1.68 breaks I am likely to get involved.

james16 Chart Thread

Absolutely. I don't rely on price action alone, it is more the area for me and as KFan said it (divergence) can give you a reason to expect "something" to happen before it does. You just have to be careful, as with strong trends you will keep seeing ...

james16 Chart Thread

Cable — I don't have an order or position in this but Cable is hitting a definite area/zone on my chart. I am looking for either a rejection or a break through this zone followed by a retracement. Price action will determine what (if anything) ...

james16 Chart Thread

I don't mean to jump in here for Kissfan, but I would just caution getting too hung up on indicators. Not saying they don't work (MANY on here use divergence, but some like me do not), but as you stated yourself you want all the other ingredients ...

james16 Chart Thread

Wamo: I cannot stress this part enough........you should feel good about understanding this! Don't look for price action then find reasons to make it fit (i.e. force confluence). Mark areas/pivots/big round numbers and let price come to you and then ...

james16 Chart Thread

Or NOT.........

james16 Chart Thread

Absolutely, though I would be very shocked if it doesn't close higher than yesterdays high and in the top 1/3 of the daily bar. I will be playing it on a retracement entry. A/U and N/U are very similar, although I would give the gold star to A/U ...

james16 Chart Thread

Usd/Cad — Just for fun.........I will make a prediction for pure amusement and entertainment. This has nothing to do with my trading strategy on this pair. This pair may break above 1.0550 briefly but will close near the 1.0530 range for the ...

james16 Chart Thread

It is really up to the individual trader.......as Mike simply plays the charts and Mike is great at what he does. If the Gbp/Usd, Nzd/Usd and Eur/Usd are all showing the same exact price pattern (say all pin bars at resistance) I will limit my sell ...

james16 Chart Thread

Thanks Ghous!! Like I said I only have 8 months plus of profitable trading, but it is coming together. Once I hit twelve months (my initial goal before I would allow myself to take it to the next level) then I am getting my reward. I have funds set ...

james16 Chart Thread